A weak European car market, global trade tensions and a high budget deficit put the Slovak economy at a crossroads. Policy choices must be made, which will shape its future direction for many years. Reforms should prepare the economy for lasting prosperity by enhancing its overall dynamism, enabling it to adapt its strong manufacturing base to emerging areas of demand, within the automotive sector or in areas such as green products or AI. This calls for substantially improving the business environment through pro-competitive reforms as well as fostering learning, reskilling and upskilling. Paving the way towards such a future requires restoring fiscal sustainability while fully accounting for rapid ageing.
SPECIAL FEATURES: COMPETITIVENESS, ARTIFICIAL INTELLIGENCE, CLIMATE CHANGE
